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Insurance
Insurance companies are starting to treat vaping the same as tobacco smoking when assessing premiums for life insurance and mortgage protection policies, reports The Sunday Times.   21 October 2019
Insurance
Kingsbridge Group, a provider of specialist insurance services to skilled contractors, freelancers and the recruitment and utilities industries, has announced strong growth for the year to 31st January 2019.   21 October 2019
Insurance
The demerger of Insurance giant Prudential has taken effect this morning, with the UK and European parts of the business spun off into a separate company called M&G, which also includes the M&G fund management company that Prudential acquired in 1999.   21 October 2019
Insurance
Broker Aon has unveiled a new division within its US operation designed to enhance the value it brings to its regional insurer clients.   21 October 2019
Insurance
Almost all lines of business are seeing rate increases as well as greater underwriting discipline something that reinsurers have not seen for many years.   21 October 2019
Insurance
Delegates attending the APCIA conference have their eyes on the horizon, according to a survey carried out for APCIA Today.   21 October 2019
Insurance
The heavy losses the industry has borne in the past two years caused by so-called secondary perils have forced something of a reset in the mentality of re/insurers, whereby some are relying less on the pure output from risk models and more on their own individual view of the risk before them.   21 October 2019
Insurance
Pricing across the risk transfer market continues to resemble a U-curve, with primary rates increasing, retrocessional rates increasing—but reinsurance pricing remaining stubbornly flat with only loss-hit accounts experiencing any meaningful rate hikes.   21 October 2019
Insurance
AM Best has identified 30 insurers with substantial terrorism exposures and a heavy reliance on the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is due to expire on December 31, 2020—something the rating agency has described as a significant concern.   21 October 2019
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly.   21 October 2019

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